Tarin appreciates FINCA for reaching out to remote areas

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PAK 5 NEWS

ISLAMABAD, Nov 4 (APP):Advisor to the Prime Minister on Finance and Revenue Shaukat Tarin has appreciated FINCA Microfinance Bank for reaching out to the remote areas of Pakistan where formal banking sector is not available.

He said while meeting with the delegation of FINCA Microfinance Bank led by its Global Chief Executive Officer Ms. Andree Simon. Secretary Finance Division and senior officers of Finance Division were also presented in the meeting, said a press release.

Tarin said that government is ready to provide all out support and cooperation to the microfinance banking sector in Pakistan. Shaukat Tarin welcomed the FINCA Microfinance Bank in Pakistan and said that present government is determined to uplift the living standards of the under privileged especially in the rural areas.

Therefore, the government is encouraging the foreign investment, focusing on increasing the footprints of microfinance banking in Pakistan for stimulating economic activity in the country, he added.

Andree Simon briefed about operation of FINCA Microfinance Bank Pakistan and apprised that the Bank is working to provide microfinance services to the under-privileged segments of the society.

She added that FINCA Microfinance Bank is operating in 20 developing countries in the world including Pakistan with 130 branches across the country and is very keen to expand its operation in Pakistan.

FINCA Global considers Pakistan as a very promising market for its operation. The delegation thanked the Adviser Finance for unstinting support to the microfinance Sector in general and to FINCA Microfinance Bank in Pakistan.

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